DocuSign Is the Amazon of the Legal Profession
When Amazon.com emerged on the scene in the late 1990s, it completely disrupted the business of retailing. Amazon ushered in the use of technology and a sea change in delivery, and drove down prices. DocuSign (NASDAQ: DOCU) is in the beginning stages of doing this to the field of law. While the company is most known for its electronic signatures, the whole concept of DocuSign's Agreement Cloud is finally automating much of the legal duties of a company.
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DocuSign took the concept of its Agreement Cloud even further and recently bought a company called Seal Software, which uses artificial intelligence (AI) to analyze and review legal documents at a pace that exceeds an army of associates. On the company's fourth-quarter earnings conference call, DocuSign CEO Dan Springer gave an example of Seal's potential:
Source Fool.com
